When the racial controversy involving Hulk Hogan erupted, WWE was extremely worried about the blow back that might come their way. By quickly cutting ties with Hogan, they managed to cushion the blow a bit. While management will never admit it, the belief was that the company was internally worried that the Michael Hayes situation would come back to light in the mainstream media.

While some fans are emotionally acting out against WWE for being so quick to fire Hulk Hogan, Eric Bischoff, who happens to be a good friend of Hogan, defended Vince McMahon for his decision. He mentioned that a publicly traded company has to be sensitive towards their fans, investors, advertisers, board members, mainstream media and others. It was a necessary move to make.

Count Kevin Nash as someone that does not believe that Hulk Hogan is a racist. The former took to social media to defend a friend that he has been around for the past 23 years of his life. Nash stated that they have been involved in a variety situation during that long stretch of time, and he has never once heard Hogan use a racial slur in person.

While he had no qualms about discussing the topic through social media, CM Punk opted for the high road when asked about the Hulk Hogan controversy during a questions and answers session with UFC fans this week. The former world heavyweight champion playfully mocked Hogan online by referencing an old Booker T interview and the much maligned Bill Cosby, another 80s icon.

For years, WWE has made millions of dollars off of the popularity of Hulk Hogan. This week, he ends up costing them millions of dollars. Thanks to the racial scandal that surfaced through the mainstream media this week, the company saw the value of their stocks take a $50 million plummet. It is hard to blame investors for being upset with the former world heavyweight champion.

A post on Instagram that marks the return of Hulk Hogan to that social media website. For whatever reasons, the former world heavyweight champion ha avoided that account for approximately 43 weeks. The photo consists of Hogan wearing his new tank top that states what he likes to do when the sun is out.

The war of words between Hulk Hogan and CM Punk continues to wage on. While doing a sports talk show, Punk was asked about the situation. When the broadcaster mentioned that Hogan was a fan of the Tampa Bay Lightnings, Punk immediately stated that Hogan was not really a fan. It is just something that he says to people.

Earlier in the year, Scott Steiner made news by challenge Hulk Hogan to come body slam him at a Legends of Wrestling event. Now, the promoter is trying to make a name for himself. Louis Gregory is claiming that Hogan blocked him through social media, but he is proud of the fact that he has been able to get the attention of the legendary performer.

In a very sad story, it has now been revealed that Brutus Beefcake has sunk so low in life that he has resorted to selling autographed photos of Hulk Hogan that have fake signatures. Hogan took to social media to warn fans that he was not the one that signed those. He also stated that he never gave Beefcake anything to sell. The two of them were once as close as brothers, but some backstage heat has gotten in between them since.

Since there are so many gullible wrestling fans out there that are willing to believe every single thing that he says, Hulk Hogan has a penchant for fabricating some of his stories. For example, he revealed during an interview this week that he was recruited to join the UFC when it was first founded. Campbell McLaren, the original founder, took to social media to deny the statement and flat out stated that Hogan was making things up.